ReutersReuters

Australia's Bigtincan soars on higher takeover bid

** Shares of Bigtincan Holdings BTH climbs as much as 41.7% to A$0.170, set for their best day since late March 2020 - if current trend holds

** Shares currently up 33.3% as of 0105 GMT

** The sales automation software co says it has received a higher takeover proposal from Vector Capital Management for A$0.20 per share, valuing company at about A$164.3 million ($110.84 million)

** Co says it will evaluate the revised proposal with input from external advisors

** Shares hit highest since April 11

** About 2.3 mln shares change hands, 2.1 times compared with the 30-day average volume of 1.1 mln shares

** Including day's moves, stock has fallen ~13.9% this year

($1 = 1.4824 Australian dollars)

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